Tando Resources discovers 17 anomalies across Mt Sydney copper, zinc and lead project

Tando Resources ASX TNO Pilbara Quartz Bore project drilling
Drilling at Tando Resources' Quartz Bore project.

Tando Resources (ASX: TNO) has identified numerous anomalies from an electromagnetic airborne survey across its 100%-owned Mt Sydney project, which is prospective for copper, zinc and lead in Western Australia’s Pilbara.

Analysis of the completed survey has returned 17 anomalies across the project with nine of the anomalies considered high priority targets.

Mt Sydney encompasses 508 square kilometres and is close to the Braeside zinc, lead and silver mining region, which hosts multiple small mines.

Rumble Resources (ASX: RTR) owns the Braeside project, which is north of Mt Sydney. Rumble recently undertook modern exploration across the project and discovered the Devon Cut prospect, which returned 5m grading 8% zinc, 0.35% lead from 32m.

Tando’s theory is the mineralisation at Braeside continues into Mt Sydney and will carry out a similar exploration path at the project.

Quartz Bore

Over at Tando’s Quartz Bore project, which is also in the Pilbara, maiden drilling intersected zinc and copper mineralisation in February.

Tando then completed downhole surveying using electromagnetic and magnetometric resistivity (MMR) and found multiple anomalies which it believes are extensions to the Balla Balla prospect.

The MMR survey goes to 150m depths and identified anomalies where previous drilling returned 15m grading 5.11% zinc from 94m, 10m grading 4.45% zinc from 74m and 3m grading 10.1% zinc from 68m.

According to Tando, the MMR “clearly maps the mineralised horizon” at Quartz Bore.

The company anticipates additional MMR surveys would lead to more discoveries of mineralised zones across the project.

Tando’s initial drilling at Quartz Bore returned 17m grading 2.95% copper and 1.48% zinc from 340.5m, including two higher grade intervals of 7m grading 6.44% copper and 3.21% zinc, and 2m grading 14.3% copper and 6.33% zinc.

SPD vanadium project

News of the company’s discoveries in the Pilbara follow Tando’s move into the vanadium space after announcing its intent to acquire the SPD project in South Africa in late March.

Previous project operators of SPD delineated a resource under the SAMREC Code (2007) of 513.3 million tonnes grading 0.78% vanadium.

Additionally, preliminary metallurgical test work on the ore returned average concentrate grades of 2% vanadium and 13% titanium.

If due diligence leads to Tando going ahead with the acquisition, the company will kick-off an “aggressive” exploration campaign at SPD.

Shares in Tando were steady at A$0.835 in early morning trade.

Lorna has more than 10 years' experience as a finance journalist and editor. She has written for numerous industry publications reporting on various sectors, including: resources, energy, construction, biotech, pharma, science and technology, agriculture, and chemicals. Specialising in resources, Lorna has also covered a myriad of small and large cap ASX and dual-listed stocks.